The Philippines’ biggest electricity distribution firm, the Manila Electric Company (Meralco) said that they are open to sourcing electricity from the phased-out Bataan Nuclear Power Plant (BNPP).
In its stockholders’ meeting last Tuesday, Meralco’s president and CEO Ray Espino said: “Meralco will favorably consider contracting reasonably and competitively priced supply from generation companies, including the BNPP, if the said [plant] should become operational.”
President and Vice President-elect Ferdinand Marcos Jr. and Sara Duterte already expressed their eagerness to use nuclear power to help lower the electricity prices in the Philippines.
This is after outgoing President Rodrigo Duterte signed an executive order to use nuclear power, as well as other alternatives, as an energy source.
The upcoming administration already expressed its desire to revive the BNPP, a project that was started by Marcos Sr. but has been mothballed for more than 30 years.
It’s been estimated that reviving the BNPP will cost around USD1 billion or roughly Php52.4 billion when directly converted to Philippine pesos.
However, a former energy official from the Marcos Sr. administration said that nuclear power is “unfit” for the Philippines.
Via: GMA News